Teaching UP TGT Mock Test Series 2025 Accountancy Financial Statement Analysis Ratio analysis

What will be the amount of gross profit of a firm if its average inventory is Rs. 1,60,000, inventory turnover ratio is 6 times, and the selling price is 25% above cost?

1
Rs. 2,40,000
2
Rs. 3,20,000
3
Rs. 4,00,000
4
None of these
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